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Public Policy and the Transition to Private Pension Provision in the United States and Europe

Onorato Castellino () and Elsa Fornero
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Onorato Castellino: University of Turin and Center for Research on Pensions and Welfare Policies, Turin

No 48, CeRP Working Papers from Center for Research on Pensions and Welfare Policies, Turin (Italy)

Abstract: PAYG and funding may and do coexist in social security systems. The proportions of this coexistence, however, are quite variable from country to country. The paper examines the US and a number of European countries, looking at both the present state and the foreseeable trends in future decades. The impact of a mixed system is analysed under the relevant viewpoints, with special reference to the adequacy and sustainability of the overall structure and to the distribution of risk.

Pages: 32 pages
Date: 2006-03
New Economics Papers: this item is included in nep-eec and nep-pbe
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Citations: View citations in EconPapers (3)

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